Corona is a mid-sized city located in the state of California. The city has a population of 161,614 residents. Corona has a population density of 4,094 people per square mile. This would be considered well above the national population density level. According to the most recent Census, 70% of Corona residents are White, 11% Asian and 5% Black. Additionally, more than a quarter of the population of Corona are of Hispanic or Latino origin, and 28% of the population also speak Spanish. If you are looking for a family friendly city, Corona might be a good fit as 78% of the population over 15 years old are married, and 50% have kids who are 18 years old or younger.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Corona, California could be a great experience for anyone who puts in the effort to do the research required. Finding the best places to live in Corona and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, cost of living, weather, employment, housing and other important metrics.
The livability score in Corona is 70 out of 100 and the city is ranked in the 64th percentile of all cities across America. There are seven total categories that generate the livability score. Corona ranks well for amenities (A+), crime (A-) and weather (A-). Corona does not do well for the following: cost of living (F), education (D-) and housing (D-). It might be a good idea to take a closer look at each category to find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Corona on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Some of the interesting things to do and attractions include: Glen Ivy Hot Springs Spa, Tom's Farms, and Fender Guitar Visitor Center.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Corona has a violent crime rate of 132 crimes per 100,000 residents which is far lower than the national average.
Assuming that Corona meets all of your requirements, the next most important item to examine is the affordability of real estate in Corona. Everything else becomes a lot less important if it turns out that home prices in Corona are simply unattainable. Median real estate prices in Corona come in at $378,500, which is 7.5% lower than the California average. The home price to income ratio compares the median home prices to the median household income. In Corona, the home price to income ratio is 5.2, which is 18.8% lower than the California average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Corona area were 6.4% and 5 year appreciation rates were 8.4%.